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9/1/2011 5:22PM

Auto Sales Show August Rebound

General Motors, Chrysler and Nissan reported strong year-over-year gains in U.S. auto sales for August as the industry shook off weak sales in July. WSJ Detroit Bureau Chief Neal Boudette joins the News Hub to discuss.

This transcript has been automatically generated and may not be 100% accurate.

go ... the auto makers ... euro fell to Number Roddick Neal Boudette is joining us from the Wall Street Journal ... in Detroit the upper end of the latest on that hill I we really had the great numbers unexpectedly a lot of people were were able ... to get it to fit the economy at the hurricane the employment numbers reduce talking about jobs and yet people were out there buying cartel of what the outcome Peninsula so that ... Cerutti was ... better than expected ... GM mobile phone ... eighteen percent Chrysler up thirty one percent in the summer of nineteen percent ... that's the good news Port also had a pretty decent month ... up eleven percent ... on the inside the what's what and under which are suffering from shortages of inventory ... standing seventeenth of March earthquake ... both were down when it down thirteen percent ... don't twenty four percent but overall pretty good not ... and me on how much of this is you know ... I seem to be overriding factors taking place here ... number one ... lot of people in the driving of cards basically into the ground ... you know really rack up the miles and finally ... despairing of these of these bunkers they have in the driveway St ... time to finally try it out ... and Number two ... we finally get started please get in some parts out of Japan ... hitting the shores ... of in a make up for some of the shortfall to we saw in June and July how much of that ... played a role in the numbers we saw today ... will certainly the age of speed on the road is to be a factor in the right now ... I'm cars have been ... on the road a long time ... people deferred purchases into thousandeight two thousandnine when standing ... as the economy was in recession ... and now they're meant a lot people out there and Apple are Sunita simply need to have them replaced in the going out to find ... the fact that it's helping to creditors of failed to remember we're in recession ... credit throws up it's very hard to get all along ... you get a loan in rates from over a nasty get a decent well ... on the other factor parts from Japan yes that's coming back ... Honda certainly not coming back new lean as fast as they might get tired and still struggling under ... the sun isn't completely different ... situation ... but that the domestic auto and auto makers like Chrysler ... it looks pretty good with the Knights of the dealer ... earlier ... this week in yet that that this this until the light from up from her again going to ... go and Chrysler ... this is due for just the ... lead and then August ... we take look at the Red Sea or when you see ... things just aren't being concerned ... you do have things like the stock market the economy some of the things that are very durable and very volatile it does point ... but also feel good that the issue the fleet is getting is the coldest December in script the streets are still high ... and what companies are management in our company ... so I really feel pretty good going into the ... third and fourth quarter ... they are ... the point that I really hurt that it's only able to throw their part are buying a lot of hard I and and now they may be dubbing it about her to wonder where that any concerted the industry that it could act like a first homebuyer Credit ... Bettinger was planning on buying part of the pipeline ... and that we don't see month to month that they'll continue is there any worry about that in the industry right now ... just yet because we're still in their historically low levels of sale group based in reading at a rate of about twelve million four ... million ... cars to be sold this year in twenty eleven it's very well be in his teens Houston ... the sixty million to seventeen the week will take a long time to get back to that but ... the fourteen or fifteen million in Europe is still well above where we are now and ... if the economy picks up the slack demand ... come back into the market ... it's not just the Denso of people turning in all bars that ... just that the demand people don't or ... can't feel wealthier don't know why ... and how much cash for car makers were part of our ... dealers ... are putting on the head of the parts themselves ... the uncensored beating ... Marist buying the sense that it's of course for five years ago when the domestic automakers ... offering employee prices and can be stepping down and what you're looking at that ... twenty seven ... dollars tonne on average ... people ... of that carries the pink cars and trucks of course ... and noted that GM and Ford and Chrysler have done a pretty good job to free their ... incentive down Chrysler among those freed still ... higher than the other two ... um but it's a great market ... and in talking about it that are crying out loud and then it fell out there that ... Americans can get Dotson up in the opening of her things whether it said ... the retailer's her clothes current home to anything like that federal and Indian auto targeting of months I've really at the great numbers we're seeing a handsome strong ... I'm posting here by the U S automakers did they really concerned ... I didn't feel it's happening at the overhang of that than to the Japanese tsunami and earthquake in which the shortages the came from there that will continue to see this right ... there's Deathly concerned there is a citrus to let him read historically low level of sales ... the hope is the ... new Nick Godt will film buff from up from twelve million but ... you know if we don't have more confidence and back into the market need only does it mean we don't have ... job creation and ... you know will still be stock in it and as I said in a very low level of sales by historical standards ... RAL thank you so much precision time ... it ...